OBV Update 5/21.... Just for the fun of it, I am a
Post# of 9964
Posted On: 05/21/2015 4:18:49 PM
OBV Update 5/21.... Just for the fun of it, I am applying Joe Granville's Technical Strategy of "On Balance Volume" to Marani Brands stock price..
On Balance Volume Data "Cumulative based on daily volume" - 2/13 through 5/21:
Cumulative OBV
2/13 - 10,145,058v
2/17 - 08,006,119
2/18 - 08,006,119
2/19 - 08,006,119
2/20 +04,756,548
2/23 +05,974,548
2/24 +05,974,441
2/25 +05,974,441
2/26 +00,000,000
2/27 +00,000,000
3/02 +03,725,850
3/03 +03,725,850
3/04 +03,725,850
3/05 +03,725,850
3/06 +10,514,515 ^
3/09 +10,514,515 ^
3/10 +10,514,515 ^
3/11 +10,514,515 ^
3/12 +10,514,515 ^
3/13 +10,514,515 ^
3/14 +10,514,515 ^
3/16 +10,514,515 ^
3/17 +09,556,812
3/18 +09,556,812
3/19 +09,556,812
3/20 +09,556,812
3/23 +11,520,162 ^
3/24 +15,938,772 ^
3/25 +15,938,772 ^
3/26 +19,340,821 ^
3/27 +27,962,683 ^
3/30 +28,772,788 ^
3/31 +26,448,888
4/01 +26,448,888
4/02 +26,448,888
4/06 +26,448,888
4/07 +25,671,858
4/08 +25,671,858
4/09 +28,382,518
4/10 +26,820,415
4/13 +27,683,597
4/14 +27,683,597
4/15 +27,683,597
More Detailed OBV Data (best to turn cell phone sideways)
Date…Price….Volume…..…Cum. OBV…Designation.....Field Trend
4/16….0008....1,032,910…+27,683,597.………..........…..…..........….
4/17….0009....2,583,554…+30,267,151...……..…^……......Rising…..
4/20....0008.......681,036....+29,586,115...............................Rising.....
4/21....0007.......327,300....+29,258,815...............................Rising.....
4/22....0007....1,909,800....+29,258,815...............................Rising.....
4/23....0007....3,936,122....+29,258,815...............................Rising.....
4/24....0006.......326,200....+28,932,615...............................Rising.....
4/27....0006....2,919,300....+28,932,615...............................Rising.....
4/28....0006.......300,000....+28,932,615...............................Rising.....
4/29....0006....1,907,960....+28,932,615...............................Rising.....
4/30....0007....8,721,380....+37,653,995..............^...............Rising.....
5/01....0006....1,024,999....+36,628,996...............................Rising.....
5/04....0007....2,263,999....+38,892,995..............^...............Rising.....
5/05....0004....2,301,000....+36,591,995..............v...............Rising.....
5/06....0006....1,350,000....+37,941,995…………………......Rising.....
5/07....0007.......810,000....+38,751,995……………………..Rising…..
5/08....0007……215,795....+38,751,995……………………..Rising…..
5/11....0007……………0....+38,751,995……………………..Rising…..
5/12....0007....2,810,000....+38,751,995……………………..Rising…..
5/13....0006....1,540,000....+37,211,995……………………..Rising…..
5/14....0006....2,650,000....+37,211,995……………………..Rising…..
5/15....0007.......490,000....+37,701,995……………………..Rising…..
5/18....0006.......835,000....+36,866,995…………v…………Rising…..
5/19....0005....3,717,833....+33,149,162…………v.………..Doubtful...
5/20....0005....2,370,000....+33,149,162…………v………...Doubtful...
5/21....0006....5,006,000....+38,155,162…………^.………..Doubtful...
Quick observation: This OBV exercise is showing that MRIB is currently in a Doubtful field trend. Doubtful field trends signal that a stock has no evidence of direction. Rising field trends signal a stock is under accumulation, whereas, a falling field trends signal a stock is suffering from distribution. According to the principles of this technical indicator, volume precedes price movement. Therefore, barring the activity of financial conversion share obligations, and/or positive/negative news from the company, the stock price of MRIB is more likely to trade in the same price range in the near term. In his book, Joe Granville advised never buy a stock with evidence of OBV distribution. Only buy stocks with evidence of OBV accumulation. Doubtful field trends is a hold “IF” you already own it…
5/21: The pps closed higher today. Therefore, all of today’s volume is added to the cumulative OBV column as a positive. The net result is that an up designation was achieved. However, there is no definitive zig zagging of accumulation, or distribution, so the field trend continues to be classified at this time as doubtful. As mentioned below, it takes 2 up movements and 2 down movements to determine a field trend....
Note: An UP designation is used when a previous cumulative OBV high is broken, and a DOWN designation is used when a previous cumulative OBV low is broken. UP/DOWN designations get transferred from the previous day on days there is no price change. One or more UP/DOWN designations is called a cluster. Clusters help identify OBV field trends.
There are three possible field trends based on OBV Data results: Rising, Doubtful, and Falling. It\'s purpose is to determine if accumulation/distribution is zigzagging up or down. It takes 2 up movements and 2 down movements before a field trend can be determined....
Chewie
Note: My opinions in this posting are just that, \"opinions.\" Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.
On Balance Volume Data "Cumulative based on daily volume" - 2/13 through 5/21:
Cumulative OBV
2/13 - 10,145,058v
2/17 - 08,006,119
2/18 - 08,006,119
2/19 - 08,006,119
2/20 +04,756,548
2/23 +05,974,548
2/24 +05,974,441
2/25 +05,974,441
2/26 +00,000,000
2/27 +00,000,000
3/02 +03,725,850
3/03 +03,725,850
3/04 +03,725,850
3/05 +03,725,850
3/06 +10,514,515 ^
3/09 +10,514,515 ^
3/10 +10,514,515 ^
3/11 +10,514,515 ^
3/12 +10,514,515 ^
3/13 +10,514,515 ^
3/14 +10,514,515 ^
3/16 +10,514,515 ^
3/17 +09,556,812
3/18 +09,556,812
3/19 +09,556,812
3/20 +09,556,812
3/23 +11,520,162 ^
3/24 +15,938,772 ^
3/25 +15,938,772 ^
3/26 +19,340,821 ^
3/27 +27,962,683 ^
3/30 +28,772,788 ^
3/31 +26,448,888
4/01 +26,448,888
4/02 +26,448,888
4/06 +26,448,888
4/07 +25,671,858
4/08 +25,671,858
4/09 +28,382,518
4/10 +26,820,415
4/13 +27,683,597
4/14 +27,683,597
4/15 +27,683,597
More Detailed OBV Data (best to turn cell phone sideways)
Date…Price….Volume…..…Cum. OBV…Designation.....Field Trend
4/16….0008....1,032,910…+27,683,597.………..........…..…..........….
4/17….0009....2,583,554…+30,267,151...……..…^……......Rising…..
4/20....0008.......681,036....+29,586,115...............................Rising.....
4/21....0007.......327,300....+29,258,815...............................Rising.....
4/22....0007....1,909,800....+29,258,815...............................Rising.....
4/23....0007....3,936,122....+29,258,815...............................Rising.....
4/24....0006.......326,200....+28,932,615...............................Rising.....
4/27....0006....2,919,300....+28,932,615...............................Rising.....
4/28....0006.......300,000....+28,932,615...............................Rising.....
4/29....0006....1,907,960....+28,932,615...............................Rising.....
4/30....0007....8,721,380....+37,653,995..............^...............Rising.....
5/01....0006....1,024,999....+36,628,996...............................Rising.....
5/04....0007....2,263,999....+38,892,995..............^...............Rising.....
5/05....0004....2,301,000....+36,591,995..............v...............Rising.....
5/06....0006....1,350,000....+37,941,995…………………......Rising.....
5/07....0007.......810,000....+38,751,995……………………..Rising…..
5/08....0007……215,795....+38,751,995……………………..Rising…..
5/11....0007……………0....+38,751,995……………………..Rising…..
5/12....0007....2,810,000....+38,751,995……………………..Rising…..
5/13....0006....1,540,000....+37,211,995……………………..Rising…..
5/14....0006....2,650,000....+37,211,995……………………..Rising…..
5/15....0007.......490,000....+37,701,995……………………..Rising…..
5/18....0006.......835,000....+36,866,995…………v…………Rising…..
5/19....0005....3,717,833....+33,149,162…………v.………..Doubtful...
5/20....0005....2,370,000....+33,149,162…………v………...Doubtful...
5/21....0006....5,006,000....+38,155,162…………^.………..Doubtful...
Quick observation: This OBV exercise is showing that MRIB is currently in a Doubtful field trend. Doubtful field trends signal that a stock has no evidence of direction. Rising field trends signal a stock is under accumulation, whereas, a falling field trends signal a stock is suffering from distribution. According to the principles of this technical indicator, volume precedes price movement. Therefore, barring the activity of financial conversion share obligations, and/or positive/negative news from the company, the stock price of MRIB is more likely to trade in the same price range in the near term. In his book, Joe Granville advised never buy a stock with evidence of OBV distribution. Only buy stocks with evidence of OBV accumulation. Doubtful field trends is a hold “IF” you already own it…
5/21: The pps closed higher today. Therefore, all of today’s volume is added to the cumulative OBV column as a positive. The net result is that an up designation was achieved. However, there is no definitive zig zagging of accumulation, or distribution, so the field trend continues to be classified at this time as doubtful. As mentioned below, it takes 2 up movements and 2 down movements to determine a field trend....
Note: An UP designation is used when a previous cumulative OBV high is broken, and a DOWN designation is used when a previous cumulative OBV low is broken. UP/DOWN designations get transferred from the previous day on days there is no price change. One or more UP/DOWN designations is called a cluster. Clusters help identify OBV field trends.
There are three possible field trends based on OBV Data results: Rising, Doubtful, and Falling. It\'s purpose is to determine if accumulation/distribution is zigzagging up or down. It takes 2 up movements and 2 down movements before a field trend can be determined....
Chewie
Note: My opinions in this posting are just that, \"opinions.\" Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.
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